The Grid in China Gets a $590 Million Upgrade

The State Grid Corporation of China (SGCC) plans to undertake a multimillion dollar upgrade of China’s utility system, creating a boom in demand for new electricity meters. 500 million units are said to be needing replacement by 2020, market research firms are reporting.*

The SGCC said it will invest $590 million to build China’s so-called Strong and Smart Grid through 2020, according to the SGCC white paper on green development issued last April. The Smart Grid effort is intended to spur economic activity by: